Nigerians have a single reason for the backwardness of their country: Leadership.

You would think the leaderships are aliens forced on them or colonial powers from Europe and America.

The leaderships come from their family members, relatives and friends that cannot wait to get their hands on the National Cake and wickedly impoverish their own people in exchange for pottage. Euphoria of billions in fools paradise.

My fear is this will die down soon obscure by ethnic bashing and our brand of cocaine is better than yours.

Is it not surprising that the suggestion of a real professor of economics that law makers should make minimum wage died down.

Better still, make their jobs part-time based on when they need to meet. Government jobs crowd out private salaries and efficiency.

We must face our devils at home in a country still flowing with honey and war after all the years of looting.

jara:
When the law makers realize their outrageous salary contributes to inflation and willing to cut them to median wage, nothing will happen.

Do the maths, how much of political office holder is left if they pay even 70k minimum wage

When the law makers realize their outrageous salary contributes to inflation and willing to cut them to median wage, nothing will happen.

Do the maths, how much of political office holder is left if they pay even 70k minimum wage

Eye high service.

Nothing can separate Nigerians from their euro and American dollars.

Sadly, I agree with you. I was shocked that any country in Africa would put a Nigerian President on the second row.

But Tinubu and Obi are soiled as former drug peddlers. Even Atiku has a case of money laundering to answer in the States.

Which country in their right mind would put these 3 forward as Presidential candidates. Except the one we are waiting for in November.

zomby:
Putting the Nigerian president, president Bola Ahmed Tinubu on a second role is a major mistake by a rookie South Africa president, a positive lesson for Nigerians and the Nigerian presidential protocol.
The presidential protocol should have known in advance where president Bola Ahmed Tinubu was going to sit before he left Nigeria.

As the elected chairman of the ecowas and the president of a country that was there when South Africa was in the dark, placing President Tinubu on the second roll is unacceptable and a slap on all Nigerians’ faces.
A new president simply doesn’t know when or who he may need in future. Without any doubt, this move was deliberate to debase Nigeria and Nigerians… But something tells me that the South Africa president will regret his shameless move.

I can trust the Jagaban of Africa, the master strategist… Let’s continue to watch the movie.

How is your vicious attack related to what he says. It is now a sin to defend or opine that Abuja and Lagos should also be affordable to Nigerians, not only foreigners?

Helineus is right, Africa is cheap and has been cheap for foreigners so that they can buy you cheaply since slave trade.

By the way, Heneous should not have defended Tinubu Devaluation. Most African leaders have been indoctrinated, in the selfish interest of both sides, that Devaluation and Foreign Investment is the cure for African countries' economic problems.

That is buy us cheap. When America borrows, they do it in their currency and they can print as much as they want to pay back.

ShogunNoName:


Are you daft? Or just capping ?
Do you even understand this is not true on a very basic level?
And do you understand that this is a very poor reflection of our current economy?
Do you realize that this shows the extreme poor status of the citizens welfare.

What is cheap for foreigners shows how hard it is for the citizens ?
Do you realize how stupid and detached from reality you have to be to see this as something to chest beat about ?

Omoejigbahe:


Stop displaying stupidity with so much confidence. These are not Nigerians.

Who are? Eru, Oru or Osu. Here is one below

lyfeNamikase

you can not compare this with slave trade, you absolutely don't have any idea of what you're talking about if you compare this with slave trade or slavery. That "Vessel" was worse than being in ISWAP hostage situation. It was a death sentence where you're treated way worse than a pig for slaughter, you get raped, tutored and thrown into the ocean at a whim.
The ultimate goal in this desert journey to Europe is to get Asylum. Do you have any idea what it means to get Asylum in Europe? You're aromatically elevated in comfort higher than a civil servant in nigeria, higher than the middle class in current Nigeria.

Please don't talk ignorantly
5 Likes

It is hilarious when people confuse Yoruba for Igbo when Yoruba wear European clothes.

Usually you can tell the difference between Hausa, Yoruba and Igbo but when in English clothes, it becomes confusing.

Northerners are even more likely to wear Hausa Attire than others wear their own clothes.

It has nothing to do with looking smart or decent.

KingCold,
If you or the guy that gave you a like cannot point out where I used an ethnic or xenophobic slur against anyone, they know you better than I do and you deserve what they call you.

KingCold:
No no no...Typical Nigerians. they are the ones always ruining SA threads with insults. Point out your own specifically

It does not matter what Helinues says, rightly or wrongly, some of you cannot wait to muzzle or stifle his comments.

You know him and he knows you. I may not agree with some of his comments but he has a right to say what he wants.

I happen to agree with his comments here about using another currency apart from the dollar.

I was enjoying the politics of South Africa on this thread until you guy went tribal.

Typical Africans, we us in Sudan!

You are right about white parasites.

The problem is that African leeches are feeding them today. These African politicians and their cronies have no conscience. As long as they get crumbs to buy luxuries abroad.

This is why Melema has appeal in Africa.

Remember that Mugabe got all kinds of awards from Britain until he got tired of their promises and he almost lost his African base.

Colonialism still strife under African leaders.

Pity.

Noblemanonpoint:


Imagine, what's with this Western influence in African politics?
Can't this parasites just leave Africa alone? They're stealing too much from this continent to their barren lands.

Unfortunately, many dictators were elected or appointed by the same people they oppressed. No matter how people are preached to about voting against their own self interest, they double down on their ignorance. Many are gullible and willing to prove opponents of their party wrong. It is difficult to understand why they warm up to those who compromise their very existence by identifying with an oppressor as in Stockholm syndrome.

Dictators are usually conservatives intolerant of liberals and independents of the political spectrum. But they would exploit any accommodating privilege accorded to them. While liberals are not only fair, they want to be seen as fair. Conservatives have no problem being intolerant of opponents or clamping down on views they deem unfavorable.

https://www.modernghana.com/news/1318550/african-soldiers-always-sacrifice-in-dictators.html

Believe it, accept it or not. Our Youths have accepted the yoke of slavery, religious indoctrination, surrender their body to organ harvesting in the pursuit of money.

They argue feverishly and blindly against reality even when they meet those abused and begging for their returned home after rescue in Mali.

gistray:
Africans are backwards in everything on earth.

Only education can save us

We will start experiencing progress in Africa if every African kid gets an education and issue death penalty to any corrupt politician...


We need to ban religion in Africa for like 1000 years

Until African Youths are taught hard lessons like their parents and grandchildren children, they will be attracted by the colorful pictures of fire abroad instead of fighting their own devil at home.

When they mention their Good Old Days, Africans are excluded.

The 1944 GI Bill put a generation of whites into the middle class; not Africans who served at war only to come home to segregation.
https://www.npr.org/2022/10/18/1129735948/black-vets-were-excluded-from-gi-bill-benefits-a-bill-in-congress-

The U.K Home Office destroyed thousands of landing card slips recording Windrush immigrants’ arrival dates in the UK to make it harder for older African and Caribbean-born residents in their 70s and 80s, to gain residency and benefits. https://www.theguardian.com/uk-news/2018/apr/17/home-office-destroyed-windrush-landing-cards-says-ex-staffer

When they mention their Good Old Days, Africans are excluded. The 1944 GI Bill put a generation of whites into the middle class; not Africans who served at war only to come home to segregation.
https://www.npr.org/2022/10/18/1129735948/black-vets-were-excluded-from-gi-bill-benefits-a-bill-in-congress-

Most countries have divided Power as a means of check and balance between Presidency, Judicial, Senate, Parliament, Religious bodies and a vigorous Press. All contribute to the smooth running of Governments. But Dictators want control and influence over every single body. Dictators desire absolute power to jail dissenting individuals or bodies that do not comply with any of their whims or caprices.

Do you think there will be wars beyond throwing chairs in the Parliament, House and Senate if leaders have to defend their own invasions personally as in ancient times; instead of using the Youths against one another? Even the thugs they use at home are not their children since their children are too comfortable to fight their fathers’ invasions and wars.

War is an ugly sight. One would think nobody wants it. Yet the Youths that are used against one another, cannot protest peacefully when they foresee the consequences of what those that force them into the war ignored. Well, someone has to declare war. Sometimes with consultation with their top Generals to avoid Palace Coup.

AFRICAN SOLDIERS ALWAYS SACRIFICE IN DICTATORS WARS D-DAY JUNE 6 1944-2024

Infectious absolute Power is orchestrated all over the world. The world needs to connect the increasing rise of world's Dictators to the Sacrifice African “Buffalo” and Minority Soldiers paid with their lives in June 6th 1944 80th Year Memorial D-Day Anniversary at Normandy, France. Europe generally. Africans are the last to get the benefits as their fellow soldiers got in Europe and America

The U.K Home Office destroyed thousands of landing card slips recording Windrush immigrants’ arrival dates in the UK to make it harder for older African and Caribbean-born residents in their 70s and 80s, to gain residency and benefits. https://www.theguardian.com/uk-news/2018/apr/17/home-office-destroyed-windrush-landing-cards-says-ex-staffer

Africans have never fared well under liberal or conservative dictators. They are lumped lower and divided within other minorities to reduce their worth as soldiers and workers. Dictators are the most criminally minded felons crying for law and order just to disguise their projections on others. Yoruba say: Beriberi ko fe ki ada koja ori ohun, that is the hangman always put others' necks on guillotine, never his.
Source. ....https://www.thenigerianvoice.com/news/336159/african-soldiers-always-sacrifice-in-dictators-wars-d-day-ju.html

StarRiderr:
There's an adage that says when the river got polluted from the root that's the case of Nigeria

Another one says the fish rot from the head.

The most painful and sad facts about Nigeria is that Armed Robbers and Crooks rule the Country, not only with impunity but with the full support of MOST in their ethnic base.

Even when exposed and prosecuted at home or abroad.

How Nigeria Still exists with such massive looting legally and illegally beats imagination. Average Nigerian emulates the process as National Cake.

https://www.thenigerianvoice.com/news/335938/given-a-choice-of-beauty-or-money.html

Animal Behavior studies have also demonstrated that Humans are complex and complicated even in their comfortable zones. Yet, a rational human, if left with the choice of riches or beauty outside their comfort zone, would grab money and run. Men see money as a better choice. Once they acquire money, they can pick and choose beauty or most of their desires.

Additionally, we now have other factors to consider in the relationships of humans. We cannot imagine a woman or man who would opt out of having their own children. China once limited a family to one child. A painful phase in their history. Today, there are those that claim they have enough problems taking care of themselves. No need for a child.

However, the choice of some humans can be surprising to others especially when it comes to women. The reason is their rationale for rejecting rich men and men's surprise that some of them could be rejected despite their money. In other words, if you do not love me because I am ugly, respect and love my money!

It buttresses the point that with beauty, ladies can get whatever they want. So, if men can get most beautiful ladies with their resources, ladies can get most men with their beauty. In those cases, it would not be unreasonable to claim that men prefer to have riches while ladies prefer beauty.

GIVEN A CHOICE OF BEAUTY OR MONEY

Evolutionary psychology (and biology) find that men and women differ in the characteristics they seek in their partners. Several studies from psychologists in many countries, consistently found that men prefer looks in women over resources, but women value men’s resources over their looks in “normal” situations https://www.psychologytoday.com/au/blog/talking-apes/201907/do-women-really-prefer-men-money-over-looks

What accounts for this sex difference is mate’s choice in the theory of evolved preferences. It boils down to ladies looking for strong men in their most productive age and later, agile older men capable of producing. In the case of men, they want the most attractive body shapes of ladies for fertility (figure . This preference also supports reproduction. So, both men and women are looking for a continuation of life.

Men strongly prefer looks over resources in women, whereas women value resources from men more than looks. This tendency of women's preference for certain natural traits in men contradicts the notion that all ladies are interested in resources that can take care of their families. The conflicted choices only create a dilemma for the new generation not envisaged by the parents.

If you only have one choice between the physical traits of beauty or ugliness with money, what would be your ultimate choice? Do not try a cop out by claiming that it depends. It is not about extreme or desperate situations during an adverse economy when men or ladies would do anything for money, even for a very limited time.

Source ...

CodeTemplar:
The greatest depreciation cabals are corruption and low productivity.

Who are the biggest beneficiary of corruption? Corruption in high places lead to low productivity at the bottom.

Tinubu never had an honeymoon period because he took on the Cabals from the North and South.

1. Subsidy removal pledged by all Presidential candidates became an albatross when he implemented it.

2. Naira depreciation is bigger than him. He fell into the Cabals' trap when he started it.

Both of these will haunt him. But do not pity Tinubu. He was also a Cabal. It is difficult to abandon his friends now.

Even the so called Buhari could not avenge his enemy, IBB the worst President we ever had.

Good luck.

https://www.modernghana.com/amp/news/1314012/our-currency-in-warehouse-grave-vault-depreciate.html

OUR CURRENCY IN WAREHOUSE GRAVE & VAULT DEPRECIATE BUREAU DE CHANGE

How can local currencies appreciate when we have excess hidden in graveyards, warehouses, bullions vans and safes that can flood the bureau du change at will? We all know this, yet we keep on ignoring the obvious. By repeatedly ignoring facts and expecting different results is the height of hypocrisy. You cannot quench fire without turning off the source. As African politicians punish us with impunity, instead of fighting back, we back into the wall and melt into the wall.

Why are Africans so wicked to their own people and disloyal to their countries? There are no consequences or deterrents like other countries that went through the same type of corruption, put in place to stop the bleeding of their economy and people to death. A few of the politicians could not believe they got away with impunity; daylight armed robberies of allocations and silent killing of deprived masses. One politician wondered aloud: we loot because you don't stone us!

If anything, the poor masses that have children and relatives abroad are the ones exchanging their foreign remittance sent to spend on local necessities, with the big boys, most of whom have surplus local currency. This is the pointer to where the problem is. Chase the source of those who bring looted local currency to the market, not just harassing those who hardly make a dent. Since Africans started devaluing their currencies, they have never recovered.

The tactics of chasing the little guys only create temporary fears that make local currency appreciate like a yoyo but not enough to rely on by serious honest businesses. It is like the hypocrisy of declaring war on drugs by only chasing retailers in poor neighborhoods while you leave their suppliers, the big boys, untouched. How much money does the average citizen take to Bureau du Change compared to the big boys that can flood the market in a day with stored local currency?

The easy temporary measures do not appreciate local currency, they only give time to local currency hoarders to unleash at will their old crumbling naira from vaults, graveyards, file cabinets and wherever they hide the loot. Of course depreciating local currency further as they besiege Bureau du Change again. If anyone thinks these money launders do not know the timing and when to flood the market, think again.

Many countries have their form of Bureau du Change and Central Bank but most African countries turned theirs into round tripping enterprises or private banks for the privileged politicians and their cronies. As other countries have checks and balances in place, so do our local regulators that just ignored them with impunity in Africa. It started with the military strong men and got worse regardless of civilian or military government.

Indeed, military presidents changed uniforms and turned into civilian presidents. Each time African currencies are devalued, our politicians promised before elections to return local currency to days before the Structural Adjustments. As soon as they get elected, they perform cosmetic surgeries to demonstrate that they know how to arrest depreciation by temporary enforcement of the laws and regulations, leaving the big culprits untouched.

Since people who gain by their repeated indifference are the benefactors, pretending they are working to solve the real problems, we are all in trouble. They spend lavishly like a drunken sailor. While privileged Africans in our local communities swallow foreign currencies that cannot be printed in their countries, without sweat. They cannot work their butts off like the people earning euros, dollars and other foreign countries abroad. Could have been prudent if they did.

Banks are commercial enterprises that trade on people’s savings by lending out to borrowers at predetermined interest rates. When the interest rates get too high, it dampens business activities discouraging those who want to start businesses and employ workers. Low interest rates encourage the society and spur commercial activities. The interest rates are so high in many African countries, you wonder who can afford to borrow from banks, make enough profit in order to pay back.

If banks and financial houses are not able to borrow, the banks cannot make a profit from people’s savings. So the banks and financial houses are raided by unscrupulous businesses and politicians. When these banks are no longer viable and they go bankrupt, people lose their life savings. Unfortunately, new generation banks are not in the business of savings and lending but into attracting life savings with high rates of return and looted hidden local currency. Once they gather enough to share within, they liquidate and ask for a government bailout.

The Only people that have access to the printed local currency are the privileged Central Bank senior staff, politicians and cronies. They do round tripping to flood Bureau du Change in exchange for the foreign currencies they don't print. This is nothing short of vicious circles. But each Government does it to satisfy their pockets and then look for rescue by tightening up laws and regulations to curtail the small activities from the masses that can never apply to the few of them with the greatest amount of liquid cash.

In retrospect, it is lunacy to use one hundred to one billion of foreign currency you do not print in the country to support the currency you print freely. Small banks swallowing big established banks with looted local currency also allow them to gain access to the Central Bank foreign currencies like Bureau du Change! So you print excess local currency understanding it is going to cause inflation and spend one billion foreign currency to buy local currency from yourselves hoping to clean up the excess you printed. Wouldn't it have been wise not to print excess local currency in the first place? https://moneycentral.com.ng/markets/article/cardosos-100m-firepower-fails-to-stop-naira-weakness/
We are too busy and occupied with what politicians use to distract us: ethnic bashing rather than putting looters on trials. There are reasons for this. Some of us have no loyalty or love for the motherland. Others see their country as conquered territory that must be looted for the spoils of war. They hardly support the country's interests and are ready to jump into opposition against any reasonable measure. They could care less or more if their country was destroyed. So they point to their community with a left hand in derogatory names

https://www.modernghana.com/amp/news/1314012/our-currency-in-warehouse-grave-vault-depreciate.html

Nuhu Ribadu probed and jailed his superior, Chief Inspector General of Police Tafa Balogun under President Obasanjo.

The Only people that have access to the printed local currency are the privileged Central Bank senior staff, politicians and cronies. They do round tripping to flood Bureau du Change in exchange for the foreign currencies they don't print. This is nothing short of vicious circles. But each Government does it to satisfy their pockets and then look for rescue by tightening up laws and regulations to curtail the small activities from the masses that can never apply to the few of them with the greatest amount of liquid cash.

https://www.modernghana.com/news/1314012/our-currency-in-warehouse-grave-vault-depreciate.html

Be careful of what you wish for. What if all your agricultural production is only worth $10,000 U.S including all your labor and land? Ask Zimbabwe.

Do you know the cost of tractor when naira was one to one and the cost of the same tractor today?

ChimaAdeoye:
Stop worrying about how to artificially bring down the exchange rate while refusing to support production or agriculture.

Just go ahead and print more money so that you can use the printed money to pay a minimum wage of #5m per month.

It is one thing if Americans print dollars to buy their dollars or Treasury Bills back or Europeans print euros to buy euro back from you and other investors for their Treasury Bills.

Can you print naira to buy naira back?

Think well my friend!

In retrospect, it is lunacy to use one hundred to one billion of foreign currency you do not print in the country to support the currency you print freely. Small banks swallowing big established banks with looted local currency also allow them to gain access to the Central Bank foreign currencies like Bureau du Change! So you print excess local currency understanding it is going to cause inflation and spend one billion foreign currency to buy local currency from yourselves hoping to clean up the excess you printed. Wouldn't it have been wise not to print excess local currency in the first place? https://moneycentral.com.ng/markets/article/cardosos-100m-firepower-fails-to-stop-naira-weakness/

We are too busy and occupied with what politicians use to distract us: ethnic bashing rather than putting looters on trials. There are reasons for this. Some of us have no loyalty or love for the motherland. Others see their country as conquered territory that must be looted for the spoils of war. They hardly support the country's interests and are ready to jump into opposition against any reasonable measure. They could care less or more if their country was destroyed. So they point to their community with a left hand in derogatory names.

https://www.modernghana.com/news/1314012/our-currency-in-warehouse-grave-vault-depreciate.html

These are the same guys that condemned round tripping! Now, they want naira traded anywhere, anyhow by anyone for currencies they do not print locally.

It not enough to raid Bureau du Change. They must also raid the source of the naira and put a laid on the maximum that must be traded by one person in one day like US Stock Exchange when it is bleeding.

Anofia.

Of use your offer or raise money from like minds and tastes to create your own site.

It will be good for competition. Do you know how many sites have kaput since Nairaland came alive?